ASX 200 dips on rates concerns, Middle East tensions, but silver lining for metals and energy stocks

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Today in Review Major market moves Markets ASX 200 Session Chart The S&P/ASX 200 (XJO) finished 35.6 points lower at 7,752.5, 0.47% from its session high and just 0.22% from its low...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX 200 dips on rates concerns, Middle East tensions, but silver lining for metals and energy stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-15 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-dips-on-rates-concerns-middle-east-tensions-but-silver-lining-for-metals-and-energy-stocks><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Today in Review\n\n\n\n\n\n\n\n\n\nMajor market moves\n\nMarkets\n\n\n\n\n\n\n\n\n\nASX 200 Session Chart\nThe S&P/ASX 200 (XJO) finished 35.6 points lower at 7,752.5, 0.47% from its session high and just 0.22% from its low...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-dips-on-rates-concerns-middle-east-tensions-but-silver-lining-for-metals-and-energy-stocks\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DRO.AU","symbol_name":"DRONESHIELD LTD","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-dips-on-rates-concerns-middle-east-tensions-but-silver-lining-for-metals-and-energy-stocks","article_id":"2427028068","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-dips-on-rates-concerns-middle-east-tensions-but-silver-lining-for-metals-and-energy-stocks","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2427028068","pubTimestamp":1713168012,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"The S&P/ASX 200  finished 35.6 points lower at 7,752.5, 0.47% from its session high and just 0.22% from its low. In the broader-based S&P/ASX 300 , advancers lagged decliners by a whopping 59 to 227. Yuk!As you can see there weren't many stocks which did well today, but if they did, there's a good chance they were constituents of either the Resources   or Energy   sectors.Base metals prices rose sharply  on Friday on the London Metals Exchange, and crude oil prices, whilst subdued after latest Middle East action, are still trending nicely higher.Candles such as these are notorious blow off top candles, that is, they often punctuate a major market high. The probability of a candle like Friday's actually being an enduring blow off top is usually heightened by it also having a long daily range , and if it's also accompanied by significant","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DRO.AU":"DRONESHIELD LTD","LKE.AU":"LAKE RESOURCES NL","A4N.AU":"ALPHA HPA LTD","PRU":"保德信金融","AZS.AU":"AZURE MINERALS LTD","IAG":"IAMGOLD Corp","EDV.AU":"Endeavour Group Ltd","GDI.AU":"GDI PROPERTY GROUP","SDF.AU":"STEADFAST GROUP LTD","PDI":"PIMCO Dynamic Income Fund","EDV":"美国延期国债ETF-Vanguard","SGR.AU":"STAR ENTERTAINMENT GRP LTD/T","DXC":"DXC Technology Company","AUB.AU":"AUB GROUP LTD","CBA":"ClearBridge American Energy MLP Fund Inc","ORG":"The Organics ETF","NVX.AU":"NOVONIX LTD","TLG.AU":"TALGA GROUP LTD","S32.AU":"SOUTH32 LTD","PDI.AU":"PREDICTIVE DISCOVERY LTD","HCW.AU":"HealthCo Healthcare and Wellness REIT","NIC":"Nicolet Bankshares Inc.","GT1.AU":"Green Technology Metals Limited","DMP.AU":"Domino's Pizza Enterprises Ltd","BWP.AU":"BWP TRUST","ORG.AU":"ORIGIN ENERGY LTD","DRE.AU":"DREADNOUGHT RESOURCES LTD","CBA.AU":"COMMONWEALTH BANK OF AUSTRAL","PRU.AU":"PERSEUS MINING LTD","ADT":"Adt Inc.","WBC.AU":"WESTPAC BANKING CORPORATION","XKO.AU":"标普/澳交所 300指数","NIC.AU":"Nickel Industries Ltd","XJR":"iShares ESG Screened S&P Small-Cap ETF","CIA.AU":"CHAMPION IRON LTD","A1N.AU":"ARN MEDIA FPO","SUN":"太阳石油","GOR.AU":"GOLD ROAD RESOURCES LTD","ANZ.AU":"ANZ GROUP HOLDINGS LTD","CHN.AU":"CHALICE MINING LTD","DLI.AU":"Delta Lithium Ltd","NAB.AU":"NATIONAL AUSTRALIA BANK LTD","DRE":"杜克房地产","DVP":"Deep Value ETF","MIN":"MFS Intermediate Income Trust","LRS.AU":"LATIN RESOURCES LTD","XJO.AU":"标普/澳交所 200指数","AUB":"Union First Market Bankshares Co","PSI.AU":"PSC INSURANCE GROUP LTD","ADT.AU":"ADRIATIC METALS PLC-CDI"},"translate_title":"ASX 200指数因利率担忧、中东紧张局势而下跌，但金属和能源股仍有一线希望","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRU":1,"IAG":1,"LKE.AU":1,"LRS.AU":1,"MIN":1,"NAB.AU":1,"NIC":1,"NIC.AU":1,"NVX.AU":1,"ORG":1,"ORG.AU":1,"PDI":1,"PDI.AU":1,"HCW.AU":1,"PRU.AU":1,"PSI.AU":1,"S32.AU":1,"SDF.AU":1,"SGR.AU":1,"SUN":1,"TLG.AU":1,"WBC.AU":1,"XJO.AU":1,"XJR":1,"XKO.AU":1,"DLI.AU":1,"A4N.AU":1,"ADT":1,"ADT.AU":1,"ANZ.AU":1,"AUB":1,"AUB.AU":1,"AZS.AU":1,"BWP.AU":1,"CBA":1,"CBA.AU":1,"CHN.AU":1,"CIA.AU":1,"A1N.AU":1,"DMP.AU":1,"DRE":1,"DRE.AU":1,"DRO.AU":1,"DVP":1,"DXC":1,"EDV":1,"EDV.AU":1,"GDI.AU":1,"GOR.AU":1,"GT1.AU":1},"content_text":"Today in Review\n\n\n\n\n\n\n\n\n\nMajor market moves\n\nMarkets\n\n\n\n\n\n\n\n\n\nASX 200 Session Chart\nThe S&P/ASX 200 (XJO) finished 35.6 points lower at 7,752.5, 0.47% from its session high and just 0.22% from its low. In the broader-based S&P/ASX 300 (XKO), advancers lagged decliners by a whopping 59 to 227. Yuk!\nAs you can see there weren't many stocks which did well today, but if they did, there's a good chance they were constituents of either the Resources (XJR) (+0.52%) or Energy (XEJ) (+0.38%) sectors.\nBase metals prices rose sharply (with the exception of Nickel) on Friday on the London Metals Exchange, and crude oil prices, whilst subdued after latest Middle East action, are still trending nicely higher.\n\n\n\n\n\n\n\n\n\nThe best of the Resources and Energy sectors\nDoing it tough today was the Information Technology (XIJ) (-1.8%) sector, which tracked its US tech counterpart the Nasdaq lower, but not far behind was the Gold (XGD) (-1.6%) sub-index which is possibly suffering from a perceived blowoff top in the gold price on Friday (see ChartWatch). It's also possibly suffering from a touch of profit taking after last week's broad-based strength.\n\n\n\n\n\n\n\n\n\nGold stocks lost some of their recent shine today\nChartWatch\n\nS&P/ASX 200 (XJO)\n\n\n\n\n\n\n\n\n\nClose to cracking the short term uptrend\nJust an incremental update here. In addition to the prevailing short and long term uptrends (i.e., light and dark green trend ribbons), I note that a lower peak at 7870 has formed. We're also at growing risk of closing below the dynamic support of the short term uptrend ribbon as well as the 7741 trough.\nShould we close below the 7741 trough, the price action will officially be falling peaks and falling troughs, a sure sign of a sell the rally mentality among market participants.\n7870-7911 is now likely a major point of supply. I wouldn't think about a return to bull market party time until we're trading above that level (or at least we see some juicy big white candles in advance).\nA close below 7741 could set us up for a probe of lower support zones, most immediately at 7585-7591.\nGold Futures COMEX\n\n\n\n\n\n\n\n\n\nThe second last candle on gold could indicate a blowoff top...\nFriday's candle is the second from last on the chart. It's the one with the long upward pointing shadow. If you regularly read my technical analysis, you'll know I refer to such candles as \"supply-side\" candles.\nThis is because the supply side flooded the market at some stage during the session and beat down what was up until that point overwhelming demand. It caught a bunch of weak hands long, basically the smart money used the elevated liquidity on offer to unload their profitably long positions.\nCandles such as these are notorious blow off top candles, that is, they often punctuate a major market high. The probability of a candle like Friday's actually being an enduring blow off top is usually heightened by it also having a long daily range (going to go check on that one), and if it's also accompanied by significantly above average volume (going to check that box as well).\nI'm loathed call the top of the Gold bull market on one candle, rather, further confirmation is required. This will potentially come in the form of a long black bodied candle, or another long upper shadow. Accompanying heightened volume would also be damning.\nNegating Friday's bearish move would be a white bodied candle which closes more than half way back up Friday's candle's range, or an equally strong downward pointing shadow on elevated volume (to signal the weak hands are out and the strong hands have moved back in).\nWe shall see!\n\nEconomy\nToday\nThere weren't any major economic data releases in our time zone today\nLater this week\nTonight\n22:30 USA Core Retail Sales (+0.5% forecast vs 0.3% previous)\nTuesday\n\n\n11:30 CHINA \"Data Dump\"\n\nNew Home Prices monthly change (-0.36% previous)\nIndustrial Production (+6% forecast vs +7% previous)\nGDP (+4.8% p.a. forecast vs +5.2% p.a. previous)\nRetail Sales (+5.1% forecast vs +5.5% previous)\nFixed Asset Investment (+4% forecast vs +4.2% previous)\nUnemployment Rate (+5.2% forecast vs +5.3% previous)\n\n\n10:30 USA Building Permits & Housing Starts\n11:00 USA Industrial Production\n\nWednesday\n03:15 USA Federal Reserve Chairman Jerome Powell speaks\nThursday\n\n11:30 AUS Employment Change (+7,200 forecast vs +116,500 previous)\n11:30 AUS Unemployment rate (3.9% forecast vs 3.7% previous)\n\nFriday\n00:00 USA Existing Home Sales\n\nLatest News\nWhy investors shouldn't fear rising geopolitical tensions\nThe 10 most overbought and oversold ASX 200 stocks – Week 16\nThe ASX 200 stocks attracting the biggest broker upgrades: Paladin Energy, Ansell\nASX 200 stocks hitting fresh 52-week highs and lows – Week 16\n4 undiscovered gems as gold prices hit record highs\n\nInteresting Movers\nTrading higher\n\n+39.0% Piedmont Lithium Inc (PLL) - Carolina Lithium State Mining Permit\n+17.9% Ioneer (INR) - Ioneer's Rhyolite Ridge Project Moves Toward Construction, rise is consistent with prevailing short term uptrend, long term uptrend is transitioning from down to up 🔎📈\n+11.1% Droneshield (DRO) - Quarterly Activities/Appendix 4C Cash Flow Report, but also events in the Middle East, rise is consistent with prevailing short and long term uptrends 🔎📈\n+6.0% Alumina (AWC) - No news, sharp rise in Aluminium price on Friday, rise is consistent with prevailing short and long term uptrends 🔎📈\n+4.6% South32 (S32) - No news, sharp rise in base metals prices on Friday, rise is consistent with prevailing short term uptrend, long term uptrend is transitioning from down to up 🔎📈\n\nTrading lower\n\n-12.0% Predictive Discovery (PDI) - Bankan Pre-Feasibility Study Presentation\n-9.4% Chalice Mining (CHN) - No news, consistent with recent extreme volatility! Has had a good run lately, today, a pullback!\n-7.1% Novonix (NVX) - No news, consistent with recent extreme volatility! Has had a good run lately, today, a pullback!\n-6.6% Gold Road Resources (GOR) - Response to Media Speculation\n-6.3% Avita Medical Inc (AVH) - Continued negative response to yesterday's AVITA Medical Updates Expected First Quarter 2024 Revenue, fall is consistent with prevailing short term downtrend, long term trend is transitioning from up to down 🔎📉\n\n\nBroker Notes\n\nARN Media (A1N) - Retained at underweight at Morgan Stanley; Price Target: $0.78\nAlpha HPA (A4N) - Retained at buy at Bell Potter; Price Target: $1.60\nAdriatic Metals (ADT) - Initiated at add at Morgans; Price Target: $5.80\nANZ Group (ANZ) - Retained at neutral at Citi; Price Target: $26.00\nArafura Rare Earths (ARU) - Retained at hold at Bell Potter; Price Target: $0.19\nAUB Group (AUB) - Retained at outperform at Macquarie; Price Target: $33.34\nAvita Medical Inc (AVH) - Downgraded to hold from buy at Bell Potter; Price Target: $3.50 from $6.85\nAzure Minerals (AZS) - Retained at hold at Bell Potter; Price Target: $4.85\nBWP Trust (BWP) - Upgraded to buy from sell at UBS; Price Target: $3.80 from $3.61\nCommonwealth Bank of Australia (CBA) - Retained at sell at Citi; Price Target: $82.00\nChampion Iron (CIA) - Retained at neutral at Macquarie; Price Target: $7.30 from $7.50\nCollins Foods (CKF) - Retained at neutral at Macquarie; Price Target: $12.50\nDelta Lithium (DLI) - Retained at buy at Bell Potter; Price Target: $0.75\n\nDomino's Pizza Enterprises (DMP)\n\nRetained at neutral at Citi; Price Target: $44.50\nRetained at neutral at Goldman Sachs; Price Target: $39.70\nRetained at neutral at Macquarie; Price Target: $41.00 from $42.00\n\n\nDreadnought Resources (DRE) - Retained at buy at Bell Potter; Price Target: $0.15\nDevelop Global (DVP) - Retained at buy at Bell Potter; Price Target: $3.30\nDexus Convenience Retail REIT (DXC) - Retained at buy at Bell Potter; Price Target: $3.00\nEndeavour Group (EDV) - Upgraded to overweight from equal-weight at Morgan Stanley; Price Target: $6.40 from $5.80\nEureka Group (EGH) - Downgraded to outperform from buy at CLSA; Price Target: $0.60 from $0.58\nGDI Property Group (GDI) - Retained at buy at Bell Potter; Price Target: $0.75\nGreen Technology Metals (GT1) - Retained at buy at Bell Potter; Price Target: $0.39\nHealthco Healthcare and Wellness REIT (HCW) - Retained at buy at Bell Potter; Price Target: $1.70\nInsurance Australia Group (IAG) - Retained at outperform at Macquarie; Price Target: $6.40\nIDP Education (IEL) - Retained at buy at Goldman Sachs; Price Target: $25.30 from $26.60\nIGO (IGO) - Retained at hold at Bell Potter; Price Target: $7.50\nLake Resources (LKE) - Retained at hold at Bell Potter; Price Target: $0.12\nLatin Resources (LRS) - Retained at buy at Bell Potter; Price Target: $0.43\nArcadium Lithium (LTM) - Retained at buy at Bell Potter; Price Target: $10.40\nLiontown Resources (LTR) - Retained at buy at Bell Potter; Price Target: $1.90\nMineral Resources (MIN) - Retained at buy at Bell Potter; Price Target: $75.00\nNational Australia Bank (NAB) - Retained at sell at Citi; Price Target: $25.75\nNickel Industries (NIC) - Retained at buy at Bell Potter; Price Target: $1.50\n\nOrigin Energy (ORG)\n\nRetained at outperform at Macquarie; Price Target: $9.97 from $9.29\nRetained at equal-weight at Morgan Stanley; Price Target: $8.88\n\n\nPilbara Minerals (PLS) - Retained at hold at Bell Potter; Price Target: $3.55\nPerseus Mining (PRU) - Retained at outperform at Macquarie; Price Target: $2.70\nPSC Insurance Group (PSI) - Retained at outperform at Macquarie; Price Target: $5.40\nSteadfast Group (SDF) - Retained at outperform at Macquarie; Price Target: $6.40\n\nThe Star Entertainment Group (SGR)\n\nDowngraded to neutral from overweight at JP Morgan; Price Target: $0.50 from $0.65\nRetained at neutral at UBS; Price Target: $0.52 from $0.57\n\n\nSuncorp Group (SUN) - Retained at outperform at Macquarie; Price Target: $17.00\nTalga Group (TLG) - Retained at buy at Bell Potter; Price Target: $2.50\nWestpac Banking Corporation (WBC) - Retained at neutral at Citi; Price Target: $22.25\n\n\nScans\n\n\n\n\n\n\n\n\n\nView all top gainers                                                               View all top fallers\n\n\n\n\n\n\n\n\n\nView all 52 week highs                                                           View all 52 week lows\n\n\n\n\n\n\n\n\n\nView all near highs                                                                   View all RSI oversold\n\nThis article first appeared on Market Index on Monday 15 April 2024.\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427028068"}